i know in great britain, 30% of their assets are held by insurance companies, not by financial institutions. 15% in the united states, so both looking within the united states and looking internationally, your views are going to be very important, and i hope we move quickly to confirm you and get you there. thank you for your service. thank you. >> senator? >> thank you all for being here today and being willing to serve the way you have offered yourselves, and i think your families for being here. you certainly will not receive very tough questions with all of these family members in the audience, so we are glad to see them. i will start with you, mr. vice chairman, soon-to-be chairman. paul when dodd-frank was being debated and discussed, the previous chairman did an outstanding job of convincing a majority of members of the senate and house to turn you into a super entity with abilities. as we were leading up to that, many of the rating agencies began saying because they really thought that too big to fail was going to end, they were thinking about a downgrading these institutions. now t